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hedge fund expert taking questions

...
contagious gold heaven doctorate
  09/06/10
what is the most prestigious hedge fund investment strategy
Hairraiser ruby faggot firefighter crotch
  09/06/10
some sort of activist strategy
contagious gold heaven doctorate
  09/06/10
Best firms that do this other than harbinger. Tyia.
Arrogant stage yarmulke
  09/06/10
Pershing Square
contagious gold heaven doctorate
  09/06/10
Anyone else?
Arrogant stage yarmulke
  09/06/10
what percentage of people in the industry display sociopathi...
rebellious house fat ankles
  09/06/10
>0%
contagious gold heaven doctorate
  09/06/10
your 5 favorite hedge funds currently?
Brass sadistic brunch travel guidebook
  09/06/10
greenlight third point pershing square lightspeed golden...
contagious gold heaven doctorate
  09/06/10
never heard of golden tree. are they in nyc? daniel loeb...
scarlet fragrant idiot
  09/06/10
yes. high yield / distressed / cap structure arb manager ...
contagious gold heaven doctorate
  09/06/10
do you know people who work at any of those firms? are they ...
Brass sadistic brunch travel guidebook
  09/06/10
not personally but professionally i do. yes they are. you're...
contagious gold heaven doctorate
  09/06/10
would you say >20%?
rebellious house fat ankles
  09/06/10
no
contagious gold heaven doctorate
  09/06/10
Thoughts on TEH JEWS's overbearing financial ponzi scheme?
silver native kitty cat
  09/06/10
You give the jews way too much credit
Impertinent jew headpube
  09/06/10
they definitely "won", that's for sure
silver native kitty cat
  09/06/10
Top finance places have just as many asians as jews, and mor...
Impertinent jew headpube
  09/06/10
jew?
maroon deranged lodge
  09/06/10
should I make myself a lemonade or a limeade?
Cracking burgundy theater elastic band
  09/06/10
when life gives you lemons make limeade
contagious gold heaven doctorate
  09/06/10
*nods*
Cracking burgundy theater elastic band
  09/06/10
Do teh jews actually sacrifice goats and drink their blood r...
silver native kitty cat
  09/06/10
What's the minimum LP commitment an individual has to make t...
Hairless lake theater stage half-breed
  09/06/10
"halfway decent fund" is really open to interpreta...
contagious gold heaven doctorate
  09/06/10
For your own money, would you rather put $1 million into a h...
Hairless lake theater stage half-breed
  09/06/10
it would depend on the strategy of the hedge fund
contagious gold heaven doctorate
  09/06/10
how about merg arb?
Hairless lake theater stage half-breed
  09/06/10
VERY INTERESTING! I think a) lower interest rates plus b)...
contagious gold heaven doctorate
  09/06/10
What do hedge fund guys invest in? Do you guys just dump al...
Hairless lake theater stage half-breed
  09/06/10
well, i think it's common for the founders to have like 98% ...
contagious gold heaven doctorate
  09/06/10
Cool, thanks.
Hairless lake theater stage half-breed
  09/06/10
what do you want to do when we hang out?
contagious gold heaven doctorate
  09/06/10
IDK, what do you want to do
Hairless lake theater stage half-breed
  09/06/10
what do u think of ucits?
diverse rehab
  09/06/10
im not european
contagious gold heaven doctorate
  09/06/10
What do you do?
chrome balding pit
  09/06/10
fuck black women hth
contagious gold heaven doctorate
  09/06/10
How did you become an HF expert?
chrome balding pit
  09/06/10
what should hurdle rates be tied to?
fear-inspiring painfully honest pervert office
  09/06/10
t-bill plus say 200 to 300 basis points is quite common. do...
contagious gold heaven doctorate
  09/06/10
libor
fear-inspiring painfully honest pervert office
  09/06/10
not for a fund fallng under the "absolute return" ...
contagious gold heaven doctorate
  09/06/10
do you favor convertible or statistical arb?
fear-inspiring painfully honest pervert office
  09/06/10
convertible arb, for sure. stat arb is one of those thing...
contagious gold heaven doctorate
  09/06/10
are you conflating stat arb with the martingale betting syst...
fear-inspiring painfully honest pervert office
  09/06/10
can you hide a row in Excel without getting help? lol j/k...
contagious gold heaven doctorate
  09/06/10
y would i ever use excel? seriously?
fear-inspiring painfully honest pervert office
  09/06/10
man idk sometimes i just like to ask questions
contagious gold heaven doctorate
  09/06/10
what are the 2 inputs to determine the theoretical value of ...
fear-inspiring painfully honest pervert office
  09/06/10
there are more than two: time in/out of the money volatil...
contagious gold heaven doctorate
  09/06/10
ding! price of the underlier. it is monotonically incre...
fear-inspiring painfully honest pervert office
  09/06/10
price of the underlier = in/out of the money
contagious gold heaven doctorate
  09/06/10
do you understand "implied" volatility?
fear-inspiring painfully honest pervert office
  09/06/10
uh, yeah. whats the issue here, chief?
contagious gold heaven doctorate
  09/06/10
equities vs. cash vs. bonds? what's a good ratio mix at t...
provocative wrinkle affirmative action
  09/06/10
depends on your time horizon as in when you need the money b...
contagious gold heaven doctorate
  09/06/10
whats the possibility of transferring from an economic consu...
bateful base preventive strike
  09/06/10
is your work more microecon focused?
contagious gold heaven doctorate
  09/06/10
ya
bateful base preventive strike
  09/06/10
definitely. it's not impossible depending on how you presen...
contagious gold heaven doctorate
  09/06/10
cool, thanks man what strategies do you think would be mo...
bateful base preventive strike
  09/06/10
depending on the sort of stuff you're doing now: equity lon...
contagious gold heaven doctorate
  09/06/10
seems reasonable thanks man
bateful base preventive strike
  09/06/10
...
180 school cafeteria
  06/22/11


Poast new message in this thread



Reply Favorite

Date: September 6th, 2010 5:27 PM
Author: contagious gold heaven doctorate



(http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15980046)



Reply Favorite

Date: September 6th, 2010 5:27 PM
Author: Hairraiser ruby faggot firefighter crotch

what is the most prestigious hedge fund investment strategy

(http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15980056)



Reply Favorite

Date: September 6th, 2010 5:30 PM
Author: contagious gold heaven doctorate

some sort of activist strategy

(http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15980085)



Reply Favorite

Date: September 6th, 2010 7:51 PM
Author: Arrogant stage yarmulke

Best firms that do this other than harbinger. Tyia.

(http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15981427)



Reply Favorite

Date: September 6th, 2010 8:04 PM
Author: contagious gold heaven doctorate

Pershing Square

(http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15981552)



Reply Favorite

Date: September 6th, 2010 8:30 PM
Author: Arrogant stage yarmulke

Anyone else?



(http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15981764)



Reply Favorite

Date: September 6th, 2010 5:30 PM
Author: rebellious house fat ankles

what percentage of people in the industry display sociopathic traits?

(http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15980086)



Reply Favorite

Date: September 6th, 2010 5:31 PM
Author: contagious gold heaven doctorate

>0%

(http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15980094)



Reply Favorite

Date: September 6th, 2010 5:32 PM
Author: Brass sadistic brunch travel guidebook

your 5 favorite hedge funds currently?

(http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15980106)



Reply Favorite

Date: September 6th, 2010 5:34 PM
Author: contagious gold heaven doctorate

greenlight

third point

pershing square

lightspeed

golden tree

(http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15980123)



Reply Favorite

Date: September 6th, 2010 5:35 PM
Author: scarlet fragrant idiot

never heard of golden tree. are they in nyc?

daniel loeb is a 180

(http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15980134)



Reply Favorite

Date: September 6th, 2010 5:37 PM
Author: contagious gold heaven doctorate

yes. high yield / distressed / cap structure arb manager

http://www.goldentree.com/index.cfm?sID=1315&cID=6319

(http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15980152)



Reply Favorite

Date: September 6th, 2010 5:39 PM
Author: Brass sadistic brunch travel guidebook

do you know people who work at any of those firms? are they super bright?

(http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15980171)



Reply Favorite

Date: September 6th, 2010 5:42 PM
Author: contagious gold heaven doctorate

not personally but professionally i do. yes they are. you're also pretty bright too.

(http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15980195)



Reply Favorite

Date: September 6th, 2010 5:34 PM
Author: rebellious house fat ankles

would you say >20%?

(http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15980129)



Reply Favorite

Date: September 6th, 2010 5:39 PM
Author: contagious gold heaven doctorate

no

(http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15980170)



Reply Favorite

Date: September 6th, 2010 5:33 PM
Author: silver native kitty cat

Thoughts on TEH JEWS's overbearing financial ponzi scheme?

(http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15980111)



Reply Favorite

Date: September 6th, 2010 5:34 PM
Author: Impertinent jew headpube

You give the jews way too much credit

(http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15980119)



Reply Favorite

Date: September 6th, 2010 5:35 PM
Author: silver native kitty cat

they definitely "won", that's for sure

(http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15980135)



Reply Favorite

Date: September 6th, 2010 5:36 PM
Author: Impertinent jew headpube

Top finance places have just as many asians as jews, and more wasps than either. Those people kick ass, but giving jews all the credit for it is lame.

(http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15980144)



Reply Favorite

Date: September 6th, 2010 5:33 PM
Author: maroon deranged lodge

jew?

(http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15980112)



Reply Favorite

Date: September 6th, 2010 5:37 PM
Author: Cracking burgundy theater elastic band

should I make myself a lemonade or a limeade?

(http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15980156)



Reply Favorite

Date: September 6th, 2010 5:39 PM
Author: contagious gold heaven doctorate

when life gives you lemons make limeade

(http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15980172)



Reply Favorite

Date: September 6th, 2010 5:40 PM
Author: Cracking burgundy theater elastic band

*nods*

(http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15980178)



Reply Favorite

Date: September 6th, 2010 5:46 PM
Author: silver native kitty cat

Do teh jews actually sacrifice goats and drink their blood right before quarterly earnings are announced?

(http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15980218)



Reply Favorite

Date: September 6th, 2010 6:48 PM
Author: Hairless lake theater stage half-breed

What's the minimum LP commitment an individual has to make to get into a halfway decent fund? $1 million?

(http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15980806)



Reply Favorite

Date: September 6th, 2010 6:59 PM
Author: contagious gold heaven doctorate

"halfway decent fund" is really open to interpretation.

id say for a decent established fund (like the ones I mentioned), yeah at least $1mm. of course sometimes feeder funds offer you to ability to invest with those managers at much lower minimums.

there are also newer managers hungry for capital who are probably open to lower LP commitments too but i think they're very hard to find without decent contacts.

(http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15980928)



Reply Favorite

Date: September 6th, 2010 7:41 PM
Author: Hairless lake theater stage half-breed

For your own money, would you rather put $1 million into a halfway decent hedge fund or a halfway decent pe fund?

(http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15981337)



Reply Favorite

Date: September 6th, 2010 8:02 PM
Author: contagious gold heaven doctorate

it would depend on the strategy of the hedge fund

(http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15981532)



Reply Favorite

Date: September 6th, 2010 8:35 PM
Author: Hairless lake theater stage half-breed

how about merg arb?

(http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15981801)



Reply Favorite

Date: September 6th, 2010 8:43 PM
Author: contagious gold heaven doctorate

VERY INTERESTING!

I think a) lower interest rates plus b) excess cash on balances sheets will lead to more deals being done. But are the spreads going to be there? I guess so man, I guess so because my sense is that peepLOL are still nervous about the economy, foreign debt defaults, insert cause of moment here. So if you can find a skilled manager in that space (Kellner Cohen DiLeo comes to mind as a "pure" merger arb manager but a lot of managers invest in merger arb as more "Event Driven" approach) I think the returns can be quite attractive with low correlation to equities overall. I just wouldn't invest money I need back in the next say 2 -3 years or so.

(http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15981871)



Reply Favorite

Date: September 6th, 2010 8:46 PM
Author: Hairless lake theater stage half-breed

What do hedge fund guys invest in? Do you guys just dump all your money into your fund (do you have opporunities to leverage up the investment?) Or do you do the opposite due to correlation between bonus and fund performance and put everything in cash?

(http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15981899)



Reply Favorite

Date: September 6th, 2010 8:52 PM
Author: contagious gold heaven doctorate

well, i think it's common for the founders to have like 98% of the liquid net worth invested in their own fund. that's a big red flag if the owners dont have any skin in the game. so they can leverage that in sofaras the fund itself is leveraged overall but i dont think you can invest in a hedge fund "on margin" per say. this is also pretty common for staff (more senior analysts, traders,head of ops, etc) that meet the SEC standards for qualified investors. it's also not uncommon to see accounts for family members managed in perhaps a seperately managed account style e.g. put highest conviction long idea into an ira for your wife, for example.

other than that i think it varies individual to individual. i would like to think a lot stick to index funds but who knows?

(http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15981957)



Reply Favorite

Date: September 6th, 2010 8:53 PM
Author: Hairless lake theater stage half-breed

Cool, thanks.

(http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15981967)



Reply Favorite

Date: September 6th, 2010 8:58 PM
Author: contagious gold heaven doctorate

what do you want to do when we hang out?

(http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15982006)



Reply Favorite

Date: September 6th, 2010 9:03 PM
Author: Hairless lake theater stage half-breed

IDK, what do you want to do

(http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15982052)



Reply Favorite

Date: September 6th, 2010 7:54 PM
Author: diverse rehab

what do u think of ucits?

(http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15981456)



Reply Favorite

Date: September 6th, 2010 8:02 PM
Author: contagious gold heaven doctorate

im not european

(http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15981538)



Reply Favorite

Date: September 6th, 2010 8:35 PM
Author: chrome balding pit

What do you do?

(http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15981797)



Reply Favorite

Date: September 6th, 2010 8:44 PM
Author: contagious gold heaven doctorate

fuck black women hth

(http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15981877)



Reply Favorite

Date: September 6th, 2010 8:45 PM
Author: chrome balding pit

How did you become an HF expert?

(http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15981893)



Reply Favorite

Date: September 6th, 2010 8:35 PM
Author: fear-inspiring painfully honest pervert office

what should hurdle rates be tied to?

(http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15981803)



Reply Favorite

Date: September 6th, 2010 8:44 PM
Author: contagious gold heaven doctorate

t-bill plus say 200 to 300 basis points is quite common. does that make the most sense? i think itdoes

(http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15981881)



Reply Favorite

Date: September 6th, 2010 8:45 PM
Author: fear-inspiring painfully honest pervert office

libor

(http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15981894)



Reply Favorite

Date: September 6th, 2010 8:46 PM
Author: contagious gold heaven doctorate

not for a fund fallng under the "absolute return" umbrella

(http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15981907)



Reply Favorite

Date: September 6th, 2010 8:53 PM
Author: fear-inspiring painfully honest pervert office

do you favor convertible or statistical arb?

(http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15981968)



Reply Favorite

Date: September 6th, 2010 8:58 PM
Author: contagious gold heaven doctorate

convertible arb, for sure.

stat arb is one of those things that works up until it doesnt (like your del sol, no?). plus it tends to be more of a "black box" strategy which makes me uncomfortable. convert arb is more fundamentally based and i think it's easier to understand the risk/reward associated with it. stat arb goes to shiTTT in periods of high stress ala end of 2008.

(http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15982001)



Reply Favorite

Date: September 6th, 2010 8:59 PM
Author: fear-inspiring painfully honest pervert office

are you conflating stat arb with the martingale betting system?

(http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15982015)



Reply Favorite

Date: September 6th, 2010 9:04 PM
Author: contagious gold heaven doctorate

can you hide a row in Excel without getting help?

lol j/k bro. from what i understand they have things in common sure. but each fund has their own little twists,etc

(http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15982054)



Reply Favorite

Date: September 6th, 2010 9:08 PM
Author: fear-inspiring painfully honest pervert office

y would i ever use excel? seriously?

(http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15982081)



Reply Favorite

Date: September 6th, 2010 9:11 PM
Author: contagious gold heaven doctorate

man idk sometimes i just like to ask questions

(http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15982099)



Reply Favorite

Date: September 6th, 2010 9:13 PM
Author: fear-inspiring painfully honest pervert office

what are the 2 inputs to determine the theoretical value of an option? hint: volatility is one.

(http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15982119)



Reply Favorite

Date: September 6th, 2010 9:18 PM
Author: contagious gold heaven doctorate

there are more than two:

time

in/out of the money

volatility

(http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15982159)



Reply Favorite

Date: September 6th, 2010 9:20 PM
Author: fear-inspiring painfully honest pervert office

ding!

price of the underlier.

it is monotonically increasing function of sigma (estimate of future volatility).

(http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15982172)



Reply Favorite

Date: September 6th, 2010 9:22 PM
Author: contagious gold heaven doctorate

price of the underlier = in/out of the money

(http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15982189)



Reply Favorite

Date: September 6th, 2010 9:23 PM
Author: fear-inspiring painfully honest pervert office

do you understand "implied" volatility?

(http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15982196)



Reply Favorite

Date: September 6th, 2010 9:25 PM
Author: contagious gold heaven doctorate

uh, yeah. whats the issue here, chief?

(http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15982212)



Reply Favorite

Date: September 6th, 2010 8:36 PM
Author: provocative wrinkle affirmative action

equities vs. cash vs. bonds?

what's a good ratio mix at the top of your head?

(http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15981813)



Reply Favorite

Date: September 6th, 2010 8:45 PM
Author: contagious gold heaven doctorate

depends on your time horizon as in when you need the money back

(http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15981890)



Reply Favorite

Date: September 6th, 2010 8:55 PM
Author: bateful base preventive strike

whats the possibility of transferring from an economic consultant (top firm) to a hedge fund analyst position after a year at the consultancy?

target ivy ug, would likely meet any grade cutoffs though not stellar grades

(http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15981988)



Reply Favorite

Date: September 6th, 2010 9:01 PM
Author: contagious gold heaven doctorate

is your work more microecon focused?

(http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15982030)



Reply Favorite

Date: September 6th, 2010 9:03 PM
Author: bateful base preventive strike

ya

(http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15982048)



Reply Favorite

Date: September 6th, 2010 9:07 PM
Author: contagious gold heaven doctorate

definitely. it's not impossible depending on how you present yourself and the strategy of the fund. some may be interested. some may be not because of no IB background



(http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15982069)



Reply Favorite

Date: September 6th, 2010 9:08 PM
Author: bateful base preventive strike

cool, thanks man

what strategies do you think would be most receptive to this sort of background

(http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15982080)



Reply Favorite

Date: September 6th, 2010 9:12 PM
Author: contagious gold heaven doctorate

depending on the sort of stuff you're doing now:

equity long / short that is bottoms up focused

merger arb / event driven if you do a lot of antitrust work

distressed debt if you do a lot of restructuring work

(http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15982111)



Reply Favorite

Date: September 6th, 2010 9:32 PM
Author: bateful base preventive strike

seems reasonable

thanks man

(http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15982264)



Reply Favorite

Date: June 22nd, 2011 11:02 PM
Author: 180 school cafeteria



(http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#18321082)